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Bullboard - Stock Discussion Forum Teuton Resources Corp V.TUO

Alternate Symbol(s):  TEUTF

Teuton Resources Corp. is a Canada-based exploration stage company. The Company is in the business of acquiring, exploring and dealing in mineral properties in the province of British Columbia, Canada. It owns interests in more than thirty properties in the prolific Golden Triangle area of northwest British Columbia. The Company’s property portfolio includes, Treaty Creek Property, Eskay Rift... see more

TSXV:TUO - Post Discussion

Teuton Resources Corp > Luxor spinout dividend???
View:
Post by highper on Mar 02, 2024 3:41am

Luxor spinout dividend???

The market will ultimately determine the value of the luxor spinout company. I suspect it will be along the lines of the value of goldstorm metals. That is because the two companies will have similar claim packages and profiles... Well we don't know if we'll get a 1 for 1 distribution of luxor shares for teuton shares as yet... so we have to wait and see what our putative dividend amounts too.

I do suspect these luxor properties contribute much less to the current value of a teuton share than they will receive when they are spun out into a newco...But then what do I know.

SpinOut: Luxor / Eskay Rift Project:

Accounting, legal and regulatory process is

underway. 

Comment by NOMOREROLLBACKS on Mar 02, 2024 7:19am
Probably 1 share for every 2 Tueton shares owned for both of the 2 spinoff companies.... North and South America of Stewart.....may take a long regulatory time for both though... By next year???? 
Comment by highper on Mar 02, 2024 12:15pm
Taken from Teuton january E letter SpinOut: Luxor / Eskay Rift Project: Accounting, legal and regulatory process is underway.  1or 2 spinout sounds reasonable because i suspect a financing would be required for the newco... and well dilution is the enemy of the shareholders ..and dino has to know that... as to when it happens i suspect we will be voting on the luxor spinout at the ...more  
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